Connect with us

Hi, what are you looking for?

Alive Business PlanAlive Business Plan

Stock

Meta latest tech company to embrace nuclear

Investing.com — Meta Platforms Inc (NASDAQ:META) on Wednesday said it will issue a “request for proposals” to identify nuclear energy developers capable of delivering 1-4 gigawatts of new nuclear generation capacity in the U.S by 2030, to power the energy-intensive operations of its data centers, behind its artificial intelligence (AI) tech ambitions.

The demand for electricity in the U.S. has surged with the expansion of AI and cloud computing driven by the needs of Big Tech.

Microsoft Corporation (NASDAQ:MSFT) has recently said it was planning to the restart of a nuclear reactor at Three Mile Island as part of its energy strategy, also to power its AI servers.

Nuclear energy, which is nearly carbon-free and widely regarded as more reliable than renewable sources like solar and wind, is gaining traction among technology companies striving to meet their climate goals while ensuring uninterrupted power supply.

“We are looking to identify developers that can help accelerate the availability of new nuclear generators and create sufficient scale to achieve material cost reductions by deploying multiple units, both to provide for Meta’s future energy needs and to advance broader industry decarbonization,” Meta added.

This post appeared first on investing.com
Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    You May Also Like

    Latest News

    The Gateway Pundit, a far-right website, published a note from its editor on Saturday acknowledging that two election workers in Georgia did not engage...

    Latest News

    Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...

    Investing

    JAKARTA (Reuters) -Indonesia has asked Alphabet (NASDAQ:GOOGL)’s Google and Apple (NASDAQ:AAPL) to block Chinese fast fashion e-commerce firm Temu in their application stores in...

    Latest News

    New majorities in Congress, particularly when the incoming party has a new leader, offer the rare chance for the institution to take a breath...



    Disclaimer: alivebusinessplan.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 alivebusinessplan.com